BIS Innovation Hub to create platform addressing collapse of stablecoins, DeFi lenders By michael40712627
The first project is a cryptocurrency market intelligence platform, a need that has been highlighted by the collapse of many stablecoins and DeFi lending platforms.The Bank for International Settlements Innovation Hub on FridayEurosystem Centre will open locations in Frankfurt and Paris and work with all 19 euro area central banks and the European Central Bank.
A second project involves post-quantum cryptography and securing the privacy of payments systems. Quantum computers may be capable of breaking the cryptography used by central banks and the private financial sector to secure payment and settlement systems. The goal is to test use cases in various payment systems and examine how the introduction of quantum-resistant cryptography affects their performance.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BIS to launch market intelligence platform amid stablecoin, DeFi collapseThe BIS highlighted the ease with which quantum computers can break the cryptography used by traditional financial institutions to secure and settle payments.
Read more »
BIS report warns about front-running threat in crypto miningPer the BIS, “miner extractable value” resembles front-running by brokers in traditional markets but, unlike that practice, isn't illegal itself.
Read more »
BIS to launch market intelligence platform amid stablecoin, DeFi collapseThe BIS highlighted the ease with which quantum computers can break the cryptography used by traditional financial institutions to secure and settle payments.
Read more »
Federal Reserve highlights 'structural fragilities' in stablecoin market in new reportThe Terra collapse continues to underscore regulatory concerns over the fragility of the stablecoin market.
Read more »
Stablecoins highlight 'structural fragilities' of crypto — Federal ReserveThe board of governors of the Federal Reserve System said “the collapse in the value of certain stablecoins” in addition to “recent strains” in the digital asset market suggested “structural fragilities.”
Read more »
TronDAO Injects $300 Million in USDC to Reserves; USDD Still De-PeggedTron's USD-pegged stablecoin USDD might be the most 'over-collateralized' asset right now
Read more »